Equity Analysis Action: Clean Harbors, Stanley Black & Decker, Middleby, PS Business Parks

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Clean Harbors, Inc.(NYSE:CLH): Needham raised its price target for Clean Harbors shares citing the company’s strong Q4 results and reiterates a Buy rating on the stock. Baird raised its price target on Clean Harbors following terrific Q4 results. The firm cited increased management guidance, strong execution, and historically cheap valuation. Shares are Outperform rated.

Stanley Black & Decker, Inc.(NYSE:SWK): UBS said Stanley Black & Decker (NYSE:SWK) has a positive read-thru from Home Depot’s (NYSE:HD) Q4 results and recent macro data points. The firm said the pickup in activity is a positive and that guidance and estimates may prove conservative. Shares are Buy rated with a $77 price target.

Middleby Corp.(NASDAQ:MIDD): Baird raised its price target on Middleby following its recent survey of restaurant chains. The firm believes the backdrop for food equipment investment remains positive citing US and international growth and a broad-based bias towards food equipment capital expenditures. Shares are Outperform rated.

PS Business Parks Inc.(NYSE:PSB): After PS Business reported higher than expected Q4 EPS, BMO Capital believes that the company can increase the lease rates at a number of its properties. The firm thinks that the company can surpass consensus estimates going forward and it maintains an Outperform rating.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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